Oil prices retreat after Wednesday’s spike while chip stocks lead gains in European markets amid stabilizing sentiment.
Brent crude fell more than 0.5% on Thursday as markets adjusted to the latest Middle East tensions, reversing Wednesday’s sharp gains. The pullback reflects easing concerns over immediate supply disruptions despite ongoing geopolitical risks.
European equities traded higher, though the FTSE 100 lagged broader gains. Chip stocks rallied, supporting tech-heavy indices as investors rotated into risk assets. The shift follows a volatile session driven by escalating regional conflicts earlier in the week.
No immediate market reaction data was provided, but the retreat in oil suggests reduced safe-haven demand.